BIOL, SSYS: Biolase Soars on Stratasys 3D Printing Deal

by Christopher Freeburn | February 20, 2014 10:40 am

BIOL, SSYS: Biolase Soars on Stratasys 3D Printing Deal

On Thursday, medical laser manufacturer Biolase (BIOL[1]) said it had concluded an agreement with 3D printer-maker Stratasys (SSYS[2]) to distribute a number of Stratasys printers[3]. BIOL stock jumped more than 10% on the news.

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Source: Flickr[5]

BIOL stock surged after the company said it would become a distributor for Stratasys High End 3D printers, including its compact Objet30 OrthoDesk printer. The printers will allow dentists to create orthodontic equipment, trays and models using desktop computers.

SSYS climbed almost 1% in Thursday morning trading. BIOL stock has sunk more than 15% over the past year.

News of the deal also boosted other 3D printing stocks. 3D Systems (DDD[6]) gained more than 3%, while ExOne (XONE[7]) also rose almost 3%, and Voxeljet (VJET[8]) climbed more than 1%.